Frontier Digital Ventures Ltd. · ASX:FDV
Frontier Digital Ventures — FY2017 Earnings Presentation
34 slides from Frontier Digital Ventures's earnings presentation, February 2018
Slide 1: FY17 Full Year Results Presentation
For personal use only FY17 FULL YEAR RESULTS PRESENTATION FEBRUARY 2018 FRONTIER DIGITAL VENTURES
Slide 2: Contents
CONTENTS For personal use only –1 Portfolio strategy for FY18..……………….…………………………………………………………………………………page 3 –2 FY17 results……………………………………...…………………………………………………………………………………page 12 –3 Operational highlights for FY17……………………………………………………………………………………………page 16 –A Additional information…………………………………………………
Slide 3: Portfolio Strategy for FY18
SECTION 1 PORTFOLIO STRATEGY FOR FY18 For personal use only FRONTIER DIGITAL VENTURES 3
Slide 4: FDV Snapshot
FDV SNAPSHOT For personal use only The leading operator of online classifieds businesses in emerging countries or regions Our story Our footprint Our optimisation process Focus on market Founded in 2014 by the former Developing Asia (ex. China and India) Due diligence leading businesses management t
Slide 5: Portfolio Summary
PORTFOLIO SUMMARY For personal use only FDV has established a portfolio of 151 leading property, automotive and general classified online platforms in some of the largest emerging markets globally Current Classifieds Target Market position by Operating company shareholding type markets Population2 s
Slide 6: FDV Strategy Update
FDV STRATEGY UPDATE For personal use only Clear focus on building a portfolio of tier 1 market leading online classified businesses in rapidly growing emerging markets Property bias Geographic focus Bias towards property classifieds Narrowed geographical focus with due to stronger opportunities to p
Slide 7: Property Bias
PROPERTY BIAS For personal use only FDV’s management has a bias towards property classifieds as a result of typically stronger opportunities to establish larger, market leading businesses Portfolio split (#) Property (~63% of FY17 revenue) Inaugural property conference § In February 2018, FDV hosted
Slide 8: Geographic Focus
GEOGRAPHIC FOCUS For personal use only Narrowed geographical focus with priority of developing Asia (ex China and India), Central and South America, and Africa/MENA – FDV has added 4 new businesses to its portfolio in 2017, 3 of which were Asian classifieds (Propzy, AutoDeal and Hoppler) Developing
Slide 9: Consolidate Market Leaders
CONSOLIDATE MARKET LEADERS For personal use only Portfolio businesses expected to extend leadership positions through strategy execution and opportunistic market consolidations #1 Market position by sessions FDV continuously assesses opportunities to further extend market leadership – FDV is in acti
Slide 10: Portfolio Revenue Growth
PORTFOLIO REVENUE GROWTH For personal use only FDV portfolio assets have experienced consistent quarterly revenue growth with a CAGR of +79% since 1Q 2016 Quarterly revenue by type (A$m, 100% basis)1 Quarterly revenue by geography (A$m, 100% basis)1 8.3 8.3 1.3 6.9 6.9 2.0 6.1 0.7 6.1 1.6 5.4 0.7 5.
Slide 11: Continued Progress Towards Monetisation
CONTINUED PROGRESS TOWARDS MONETISATION For personal use only FDV expects to see an increase in monetisation opportunities at a portfolio level which it will assess in the interests of all shareholders Sell down to existing shareholders Build portfolio of Continue to add Assess 10 clear market value
Slide 12: FY17 Results
SECTION 2 FY17 RESULTS For personal use only FRONTIER DIGITAL VENTURES 12
Slide 13: Portfolio Performance in FY17
PORTFOLIO PERFORMANCE IN FY17 For personal use only Substantial progress made across FY17 with strong growth in key metrics which include revenue, sessions and market leadership Quarterly revenue (A$m, 100% pro-forma)1 All 15 investments now tier 1 and 2 market leaders A$26.7m revenue in FY17 8.3 (+
Slide 14: FY17 Financial Results - FDV Equity Share
FY17 FINANCIAL RESULTS - FDV EQUITY SHARE For personal use only Consistent revenue growth over the last two years resulting in a consistent decrease in relative EBITDA loss Total revenue (A$m; FDV basis)1,2 EBITDA loss as a % of revenue (A$m; FDV basis)1,2 1H 2016 2H 2016 1H 2017 2H 2017 5.3 CAGR =
Slide 15: Revenue per Website
REVENUE PER WEBSITE For personal use only Strong financial performance in 2017 validates FDV’s differentiated strategy of partnering with local entrepreneurs Revenue (A$000) Current Classifieds 1H to 1H 2H to 2H Website shareholding type Region 1H FY16 2H FY16 1H FY17 2H FY17 growth growth Tier 1 Za
Slide 16: Operational Highlights for FY17
SECTION 3 OPERATIONAL HIGHLIGHTS FOR FY17 For personal use only FRONTIER DIGITAL VENTURES 16
Slide 17: Portfolio Changes in FY17
PORTFOLIO CHANGES IN FY17 For personal use only Significant portfolio optimisation during FY17 with all businesses now either tier 1 or tier 2 market leaders Optimisation across FY17 December 2016 December 2017 Tier 1 assets Tier 1 assets Encuentra24 Encuentra24 iMyanmarHouse iMyanmarHouse carsBD ca
Slide 18: Portfolio Changes in FY17
PORTFOLIO CHANGES IN FY17 For personal use only FDV invested a total of A$6.1m into new businesses and A$4.0m into existing businesses across FY17 Investments Follow-ons Exits Hoppler: US$0.7m for an initial 20.6% LankaProperty: increase ownership from carWangu: withdrew support, no further stake in
Slide 19: Appendix: Additional Information
APPENDIX ADDITIONAL INFORMATION For personal use only FRONTIER DIGITAL VENTURES 19
Slide 20: Corporate Snapshot
CORPORATE SNAPSHOT For personal use only FDV is focused on developing online classifieds businesses in underdeveloped, emerging countries or regions Share price performance (since IPO) Top shareholders 0.9 Catcha Group (Patrick Grove and Luke Elliott) 40.8% 0.8 Shaun Di Gregorio (CEO & Founder) 17.1
Slide 21: New Chairman Appointed
NEW CHAIRMAN APPOINTED For personal use only FDV recently appointed Anthony Klok as its new Non-Executive Chairman, providing highly complementary technology investment experience to FDV’s team Non-Executive Chairman Appointment Anthony Klok Shaun Di Gregorio Appointed 21 December 2017 Founder and C
Slide 22: Zameen
ZAMEEN: TRADING UPDATE For personal use only The #1 property classifieds in Pakistan and FDV’s most advanced investment Business update – Zameen is the #1 property portal in Pakistan and was FDV’s first investment • FDV owns 30% equity in Zameen • Latest funding round completed at a pre-money valuat
Slide 23: Encuentra24
ENCUENTRA24: TRADING UPDATE For personal use only Encuentra24.com is the leading general classifieds platform in the key Central American markets of Panama, Costa Rica, Nicaragua and Honduras Business update – Encuentra24.com successfully expanded their leadership position in each of their core mark
Slide 24: Pakwheels
PAKWHEELS: TRADING UPDATE For personal use only The leading auto classifieds platform in Pakistan and one of the best examples of the successful roll-out of ancillary revenue streams across FDV’s portfolio Business update – The #1 online auto classifieds platform in Pakistan • FDV has an equity owne
Slide 25: CarsDB
CARSDB: TRADING UPDATE For personal use only CarsDB had a strong focus on increasing its leadership position in 2017 and is well placed to capitalise on that achievement in 2018 Business update – CarsDB is the #1 online auto classifieds portal in Myanmar • FDV currently has 76% equity ownership of C
Slide 26: LankaPropertyWeb
LANKAPROPERTYWEB: TRADING UPDATE For personal use only Strong growth in listings + site visits over the last 12 months has seen LankaPropertyWeb overtake its competitors as the leading online real estate portal in Sri Lanka Business update – LankaPropertyWeb is #1 online real estate portal in Sri La
Slide 27: iMyanmarHouse
IMYANMARHOUSE: TRADING UPDATE For personal use only Successful roll-out of the iMyanmarHouse app and usage with real estate agencies has entrenched market leadership and improved financial performance over the last 12 months Business update – The #1 property portal in Myanmar with a clear market lea
Slide 28: Hoppler
HOPPLER: TRADING UPDATE For personal use only Highly scalable and innovative online platform that is aimed at facilitating property transactions: potential to disrupt the traditional brokering model in the Philippines Business update – Innovative online platform used by vendors, buyers and real esta
Slide 29: Propzy
PROPZY: TRADING UPDATE For personal use only Propzy recorded strong revenue growth (+482% yoy) across 2017 as it significantly increases traction with its focus on facilitating property transactions Business update – Propzy is an online classifieds platform that originates and facilitates property s
Slide 30: meQasa
MEQASA: TRADING UPDATE For personal use only The #1 property portal in Ghana; currently in the process of acquiring its former competitor Jumia House Ghana which is expected to further extend its market leadership Business update – meQasa is the leading property portal in Ghana, accessing a market o
Slide 31: AutoDeal
AUTODEAL: TRADING UPDATE For personal use only Autodeal is the #1 online auto classifieds platform in the Philippines and is focusing on expanding its used car business in 2018 Business update – AutoDeal is the #1 auto website in the Philippines • FDV has a current equity ownership of 33% which it a
Slide 32: ToLet
TOLET: TRADING UPDATE For personal use only ToLet is the #1 online property classifieds business in Nigeria and is currently integrating revenue, traffic, listings and customers from its acquisition of Jumia House Nigeria Business update – Operator of #1 online property classifieds portal for rental
Slide 33: Infocasas
INFOCASAS: TRADING UPDATE For personal use only Infocasas is the #1 property online classifieds platform in Uruguay and Paraguay and a leading operator in Bolivia Business update – Established property portal market leader in Uruguay and Paraguay, now focused on revenue growth • #1 property portal i
Slide 34: Contact Details
For personal use only CONTACT DETAILS Principal Office 39-8 The Boulevard Mid Valley City, Lingkaran Syed Putra Kuala Lumpur, Malaysia Telephone: +60 3 2201 0790 FRONTIER DIGITAL VENTURES
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